The value added of transportation and warehousing in Mexico has experienced a fluctuating trend from 2013 to 2023. The period showed steady growth until 2020, where there was a significant decline of 41.88%, likely due to the COVID-19 pandemic. Post-2020, the sector rebounded robustly with an 84.96% increase in 2021, followed by more moderate growth in 2022 and 2023. In 2023, the value stood at approximately 1.7497 trillion Mexican Pesos. The compound annual growth rate (CAGR) over the last five years was 3.18%.
Looking ahead, the forecast suggests a continued increasing trend albeit at a slower pace, with an expected 2.37% CAGR from 2024 to 2028. The sector is predicted to grow by 12.4% over this five-year period, reaching 2.0338 trillion Mexican Pesos in 2028.
Future trends to watch for in this sector include:
- Technological advancements in logistics and supply chain management.
- Impact of regulatory changes and infrastructure investments.
- Continued recovery and potential challenges from global economic fluctuations.
